MAN3240 Exam 1 Study Guide 1 Misconceptions that many college students have as they prepare to enter the post graduation job market 1 Jobs will find you 2 You re gonna make one hundred grand in year one 3 The resume you make the night before will kick butt 4 Company s look solely at GPA when choosing applicants 5 High grades plus nothing else will get you a good job 6 A first impression isn t important 7 Finding a job will be easy when I get home 8 The first job isn t important 9 You can wait until the last minute 2 What jobs experienced the highest and lowest unemployment rates for recent college graduates know top and bottom three What is the relationship between experience and graduate degree status Highest Architecture Arts and Humanities liberal arts Lowest Health Education Agriculture and natural resources Relationship Graduate degree graduates have lower unemployment rates than experiences college graduates The difference between these amounts is different among different job fields 3 What information on the r sum are recruiters looking for What are they most interested in What re they looking for Right major Grades Work experience Work experience in chosen field Community stuff Internship in field paid or not 10 things employers look for in college grads Ability to co exist willingness to learn determination and persistence work ethic flexibility technical competence communication skills problem solving skills honesty loyalty 4 Reasons that college graduates seem unable to get a job They are frequently missing the skills that make them good employees They aren t taking internship opportunities or don t have much work experience because of schoolwork which means they never have worked in an office setting working under a professional and urgent environment 5 Top five reasons that employees voluntarily left their jobs in 2011 1 Higher pay somewhere else 2 Felt overworked 3 Lack of career advancement 4 Unhappy with company culture 5 Didn t get along with the boss 6 Understand the relationship between marital status and monthly unemployment rates Especially as it relates to the peak in the recession From april 2009 july 2009 peak of the recession woman who maintained families 10 12 unemployment TOTAL 8 10 unemployment married men 6 7 unemployment married women 5 6 during the peak of the recession married men s unemployment rate rose higher than married women s 7 Long term unemployment affects people in what ways Discrimination Skill obsolescence Spirit confidence Networks dwindle Worse off financially Gotta take something leaves them behind Further along fewer vacancies 8 Financial consequences for those who experienced long term unemployment 51 percent said they ve borrowed money from friends or family to get by 51 have been contacted by a collection agency 23 have had utilities turned off 23 increased credit card debt over 50 sold personal belongings to pay for food rent or other necessities 9 Trends in terms of who the economic recovery will favor college educated over blue collar workers cities that have developed industry clusters in which skills match demand Dakotas over states such as Florida Nevada and California Companies that sell abroad rather than those that depend solely on domestic demand those who work in the private sector over those who work in the public sector focused on exports 10 How has the weak job market in recent years affected young adults life and career aspirations Compare this age group s optimism levels with others Nearly half of 18 to 34 year olds say they ve taken a job they didn t want just to pay the bills while another quarter have accepted unpaid work in order to gain experience Nearly a third postponed getting married or having a baby One in four moved back home with their parents after living on their own But the young have maintained their optimism Some 88 of 18 to 34 year olds say they either have earned enough money now to lead the kind of life they want or expect they will earn enough in the future Their older compatriots have a much darker view with 28 of people over the age of 35 saying they will never earn enough 11 Discuss problems with the American economy that occurred before the recession Also understand the relationship between time out of work and lost future income Problems before the recession The big gains in education in the early 20th century have slowed Americans are moving less frequently and changing jobs less often making the job market less flexible And most critically a smaller share of Americans are working The labor force participation rate the percentage of adults who are working or looking for work peaked in 2000 and has been falling for more than a decade Research shows that the longer people are unemployed the less likely they are to find jobs Also unemployed workers earnings fall 1 for each additional month they are out of work 12 What factors have contributed to the she conomy More women are attending college College men drop out of college more than women do Women are the majority of all graduate students Women earn more doctorates than men as of 2009 Women now equal the number of men in medical and law schools Women now equal men in the number of science business and engineering majors as of 2009 supportive 13 What factors have lead to men getting more jobs than women over the time frame covered in the story People think putting men back to work is more important because they are family Cuts to teaching and education where women dominate the job field Government put money into transportation and construction to give jobs but women make up a very small portion of those fields 14 How have multigenerational families fared during the recession compared to other living situations The poverty rate for multi generational families is lower than others However their median household income is lower than others 15 What factors have promoted the growth of multigenerational households Job losses and the difficulty of purchasing a home make young people more likely to live with their parents Many immigrants look at it as a normal way to live like back in their home countries 16 Trends related to the recession and family stress The younger believe that the recession has stressed family more than the older 36 say that the recession has brought families closer 51 say that the recession has caused stress in their family 17 What are the factors that have caused middle class people families to struggle often leading to
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